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The interdependence of R&D activity and debt financing of young firms
Fryges, Helmut; Kohn, Karsten; Ullrich, Katrin - 2011
We investigate the interdependence of debt financing and R&D activities of young firms. Using micro-level data of the KfW/ZEW Start-up Panel, our estimation results show that firm characteristics are more important than personal characteristics of the founders for explaining young firms'...
Persistent link: https://www.econbiz.de/10010286852
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How general is human capital? A task-based approach
Gathmann, Christina; Schönberg, Uta - 2007
This paper studies how portable skill accumulated in the labor market are. Using rich data on tasks performed in occupations, we propose the concept of task-specific human capital to measure the transferability of skills empirically. Our results on occupational mobility and wages show that labor...
Persistent link: https://www.econbiz.de/10010268280
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Returns for entrepreneurs vs. employees: the effect of education and personal control on the relative performance of entrepreneurs vs. wage employees
van Praag, C. Mirjam; van Witteloostuijn, Arjen; van … - 2009
How valuable is education for entrepreneurs' performance as compared to employees'? What might explain any differences? And does education affect peoples' occupational choices accordingly? We answer these questions based on a large panel of US labor force participants. We show that education...
Persistent link: https://www.econbiz.de/10010277025
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Overeducation and Skill Endowments The Role of School Achievement and Vocational Training Quality
Büchel, Felix; Pollmann-Schult, Matthias - 2001
Thurow?s job-competition model implies that overeducation is contingent upon the differing skill endowments of employees. As yet, only rudimentary evidence has been furnished to confirm this relationship. In the present paper, we test the theory in a more sophisticated manner, by means of a more...
Persistent link: https://www.econbiz.de/10010262544
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Intergenerational transmission of language capital and economic outcomes
Casey, Teresa; Dustmann, Christian - 2007
This paper investigates the intergenerational transmission of language capital amongst immigrants, and the effect of language deficiencies on the economic performance of second generation immigrants. Using a long panel that oversamples immigrants, we can follow their children after they have...
Persistent link: https://www.econbiz.de/10010268836
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Transferability of human capital and immigrant assimilation: an analysis for Germany
Basilio, Leilanie; Bauer, Thomas K. - 2010
capital portability to the explanation of the immigrant-native wage gap. Using data for West Germany, our results reveal that … returns than human capital obtained in Germany. We further find evidence for heterogeneity in the returns to human capital of …
Persistent link: https://www.econbiz.de/10010271804
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Zero returns to compulsory schooling in Germany: evidence and interpretation
Pischke, Jörn-Steffen; von Wachter, Till - 2005
the range of 10 to 15 percent. We find no return to compulsory schooling in Germany in terms of higher wages. We … investigate whether this is due to labor market institutions or the existence of the apprenticeship training system in Germany … most relevant for the labor market are learned earlier in Germany than in other countries. …
Persistent link: https://www.econbiz.de/10010277103
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Wage premia for newly hired employees: Theory and evidence
Kampkötter, Patrick; Sliwka, Dirk - 2011
We investigate wage differences between newly hired and incumbent employees. We show in a formal model that when employees care for wages as well as match-specific utility, incumbents earn less than new recruits if and only if firm-specific human capital is not too important. The existence and...
Persistent link: https://www.econbiz.de/10010278590
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Immigrants and Unemployment in the European Community: From the Eyes of Natives
Gang, Ira N.; Rivera-Batiz, Francisco L.; Yun, Myeong-Su - 1999
This paper examines whether immigrants increase the likelihood of unemployment among native-born workers in the European Union. Earlier papers measure the presence of immigrants in the local labor market by computing the share of the foreigners in specific regions. This paper, instead, utilizes...
Persistent link: https://www.econbiz.de/10010277289
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Exporting Firms Do Not Pay Higher Wages, Ceteris Paribus : First Evidence from Linked Employer-Employee Data
Wagner, Joachim; Schnabel, Claus; Schank, Thorsten - 2004
trade. This paper uses a large and rich set of linked employer-employee data from Germany to demonstrate that these premia …
Persistent link: https://www.econbiz.de/10010261930